Socio-Economic Research Centre executive director Lee Heng Guie said Malaysia’s economic had already “bottomed out” in 2016. “This year’s growth outlook shows a cautiously positive trend of 4.3% for this year,” he said in his presentation during Rehda Institute’s economic and business outlook conference 2017 yesterday. We expect fiscal deficit to narrow sharply from -3.1% of GDP in 2016 to -3% of GDP projected for 2017,” he said. The Malaysian economy expanded 4.2% in 2016, and is expected to expand between 4% and 5% this year. “Malaysia has good infrastructure and good labour market conditions.

Source: The Star March 01, 2017 00:11 UTC